American Medical Alert announces first quarter results.OCEANSIDE Oceanside. 1 City (1990 pop. 128,398), San Diego co., S Calif., on the Gulf of Santa Catalina; inc. 1888. It is a commercial and trading center for an inland farm area and for nearby Camp Pendleton, a huge U.S. marine corps amphibious base. , N.Y.--(BUSINESS WIRE)--May 17, 1995--American Medical Alert Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMAC AMAC Adults Molested As Children AMAC Assistance to Mine-Affected Communities AMAC Aircraft Monitor And Control AMAC Approximate Message Authentication Code AMAC American Military Arms Corporation AMAC Asset Management Assistance Center ) today reported its results for the first quarter ended March 31, 1995. Revenue increased 20% to $1,270,623 for the three months ending March 31, 1995 from $1,020,374 for the three months ending March 31, 1994. Net income for the first quarter of 1995 was $167,408, or $0.03 per share, compared to net income of $30,950 for the first quarter of 1994, or $0.01 per share. The increase in revenue resulted primarily from an increase in the company's subscriber subscriber, n the person, usually the employee, who represents the family unit in relation to the prepayment plan. Other family members are dependents. Also called certificate holders or enrollees. base. Service revenue increased 23% to $1,162,268 for the first quarter of 1995 from $948,798 for the first quarter of 1994. Cost of services as a percent of sales for the three months ended March 31, 1995 and 1994 were 31% and 39%, respectively. The company's cost of services as a percentage of sales continues to decline as the subscriber base increases. Revenue from product sales increased 51% to $108,355 for the first quarter of 1995 from $71,576 in the first quarter of 1994. This increase was primarily due to the increase in sales to distributors and retirement communities. Cost of products sold as a percent of sales for the three months 1995 and 1994 were 70% and 88%, respectively. Management believes that the company's Personal Emergency Response Systems will continue to be a vital component in managing and containing escalating health care costs by allowing the individual to remain comfortably and safely in their own home. Changes in demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. coupled with the need for cost effective health care services, have resulted in a myriad Myriad is a classical Greek name for the number 104 = 10 000. In modern English the word refers to an unspecified large quantity. The term myriad is a progression in the commonly used system of describing numbers using tens and hundreds. of opportunities which position AMAC for future growth. AMAC is in the business of developing and marketing Personal Emergency Response Systems for the elderly and disabled. -0-
American Medical Alert Corp.
Summary of Consolidated Financial Information
(Unaudited)
Three Months Ended March 31,
1995 1994
Revenues $1,162,268 $948,798 Net income $167,408 $30,950 Earnings Per Share $0.03 $0.01 Weighted Average Number of Common Shares Outstanding 5,796,719 5,807,443 CONTACT: American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Medical Alert Corp., Oceanside Cathy Cathy may refer to: In artistry:
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